WSP Global Inc (WSP) Cut to Hold at Canaccord Genuity

WSP Global Inc (TSE:WSP) was downgraded by research analysts at Canaccord Genuity from a “buy” rating to a “hold” rating in a research note issued to investors on Monday, July 17th.

Other equities analysts also recently issued research reports about the company. CIBC boosted their target price on WSP Global from C$51.00 to C$54.00 in a research report on Monday, July 10th. TD Securities boosted their target price on WSP Global from C$54.00 to C$58.00 and gave the company a “buy” rating in a research report on Thursday, May 11th. Scotiabank boosted their target price on WSP Global from C$49.00 to C$57.00 and gave the company an “outperform” rating in a research report on Thursday, May 11th. Royal Bank Of Canada boosted their price objective on WSP Global from C$52.00 to C$55.00 and gave the company an “outperform” rating in a report on Thursday, May 11th. Finally, Raymond James Financial, Inc. boosted their price objective on WSP Global from C$55.00 to C$56.00 and gave the company a “strong-buy” rating in a report on Friday, May 12th. Two investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. WSP Global currently has a consensus rating of “Buy” and an average target price of C$53.25.

Shares of WSP Global (TSE WSP) traded up 0.53% during mid-day trading on Monday, reaching $49.07. 186,551 shares of the company’s stock were exchanged. The company has a market cap of $5.02 billion and a PE ratio of 22.76. WSP Global has a 52-week low of $40.50 and a 52-week high of $55.04. The company’s 50-day moving average price is $51.75 and its 200 day moving average price is $49.17.

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WSP Global Company Profile

WSP Global Inc is a professional services company. The Company’s segments are Canada, Americas (US and South America), EMEIA (Europe, Middle East, India and Africa) and APAC (Asia Pacific, including primarily Asia and Australia). It offers services in project delivery and consulting. It offers various project services throughout the project execution phases.

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